Wage growth slows to 8.5 percent in October

Year-on-year wage growth in Hungary slowed to 8.5 percent in October from 9.1 percent in the previous month, data released by the Central Statistical Office (KSH) on Tuesday show.

Matolcsy: Monetary tightening to continue in 2022

The cycle of interest rate raises started in June will continue in 2022, as long as it is necessary to bring the inflationary outlook back down close to the 3 percent target in a sustainable manner, central bank governor Gyorgy Matolcsy said in an ...

State debt ratio target achievable, State Audit Office says

The state debt ratio targeted for this year is achievable based on the data available by November so the debt rule stipulated by the constitution can also be met, the State Audit Office (ASZ) said in an analysis published on Wednesday.

Hungary central bank among first to warn of inflation

Hungary's central bank was among the first to warn of sustained global inflationary pressures, and it was the first in the European Union to kick off a cycle of rate hikes, Csaba Kandracs, the deputy governor of the National Bank of Hungary, said in ...